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1) You bought $150 000 in 364-day T-bills

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1) You bought $150 000 in 364-day T-bills. The T-bills was available at a rate of 4.432% simple discount. If you paid $148 811.24 for the T-bills, how many days before maturity did you buy it?

2) Alphabet Inc. is planning to pay a quarterly dividend of $0.80 on its perpetual preferred share. The market requires a dividend yield of 4.909% compounded annually on preferred shares of similar risks. What is the fair market value of its perpetual preferred share just after payment of a dividend at the end of the quarter (ordinary)?